Category: Articles

Dubai Intl Steals Heathrow’s Crown

Dubai Intl Steals Heathrow’s Crown Dubai International Airport has snatched the crown of world’s busiest airport from London Heathrow as footfall increased by 6.1% from 2013 with numbers going from 66,431,533 to 70,475,636. The Emirate has started a big push in hospitality and tourism as of late and the rise …

TECOM Takes Big Loans for Big Investments

TECOM’s Investments are a business park operator in Dubai who has a very strong link to the Emirate’s economy with a major role in in its growth and development and the company recently announced it had signed for a syndicated loan facility of up to 4 billion dirhams ($1.1 billion) …

Hotels IPO on the Cards for Emaar

Emaar is Dubai’s largest listed real estate developer and is now looking at the possibility of listing its hotels business as it follows markets intently. Dubai has been having a massive hospitality push of late with Dubai International airport overtaking London Heathrow International as the world’s busiest airport by passenger …

Merry Christmas from OADC

The Christmas period is upon us and we’d like to wish you all a Merry Christmas and a Happy New Year. During the holiday period our office will be closed on Christmas Eve at mid-day and re-open again on 5th January 2015 when business will return to normal Monday – …

Armoured Vehicles See Increased Investments in Dubai

Armoured Vehicles See Increased Investments in Dubai Dubai is to have the region’s largest armoured vehicle manufacturing facility as an investment of Dh55 Million sees Inkas Vehicles expand its operations based in Dubai Investments Park (DIP ). The new facility will be 159,700 square feet in size and sees yet …

Tower Shows that Building Back on Track in Dubai

A developer in Dubai has revived a project to boost the local port by building a $183 million tower. The project had been long delayed for various reasons but the Omniyat Group once again began work on a 48-storey tower in Dubai Maritime City as they decided that the Emirate’s …

Traffic Up as Dubai Looks at Airport Expansions

Traffic Up as Dubai Looks at Airport Expansions Passenger traffic in Dubai’s international airport rose 5.7% in October as the Emirate looks towards expansion to accommodate future growth. With plans already underway to make the Emirate the world’s premier tourist destination it is perhaps no surprise that Dubai International Airport …

Dubai in Big Hospitality Push

Dubai in Big Hospitality Push In a push to diversify its economy Dubai is aiming to become the top family destination by 2020 which has seen property firms investing heavily in the hotels and hospitality markets. Dubai is hoping to achieve a Compound Annual Growth Rate (CAGR) of seven to …